Across
- 2. company's physical equipment and the money it uses to buy resources.
- 6. anything that motivates a person to do something.
- 7. water, timber, oil.
- 9. the limited availability of a resource in comparison to the limitless wants.
- 11. Possibilities Frontier
- 12. something needed to survive.
Down
- 1. to own and sell your own business.
- 3. Resources land, labor, capital, and
- 4. Cost the value of the next-best alternative when a decision is made; it's what is given up.
- 5. need to spend money to satisfy a want.
- 8. people able to transform resources into goods or services available for purchase.
- 10. Off any situation where making one choice means losing something else